Kwasi623 Kwasi623

19-03-2024
Business

contestada

Suppose the labor market is in equilibrium and the wage rate is $25 hour an hour. Then, the demand for labor declines. According to efficiency wage models,

a) the wage rate will decline.
b) the number of workers employed will increase.
c) the wage rate will remain the same.
d) the wage rate will increase.

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